Specsavers 17 Park Street Walsall West Midlands WS1 1LY

Specsavers
17 Park Street
Walsall
West Midlands
WS1 1LY

Freehold Retail Investment

Let to Specsavers Optical Superstores Limited
Recently completed & renewed 5 year lease from September 2024 (subject to option)
Rebased rent
Approx. 347.23 sq m (3,737 sq ft)
Excellent pedestrianised location within Walsall town centre, close to Saddlers Shopping Centre
Nearby occupiers include H. Samuel, Pandora, Holland & Barrett, McDonalds, Costa and Greggs

Lot
30
Auction
15th May 2025
Rent
£31,000 per Annum Exclusive
Status
Available
Guide*
£300,000+
Auction Venue
Live Streamed Auction
Octopus Bridging Loan for Buyers

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Freehold Retail Investment

Let to Specsavers Optical Superstores Limited
Recently completed & renewed 5 year lease from September 2024 (subject to option)
Rebased rent
Approx. 347.23 sq m (3,737 sq ft)
Excellent pedestrianised location within Walsall town centre, close to Saddlers Shopping Centre
Nearby occupiers include H. Samuel, Pandora, Holland & Barrett, McDonalds, Costa and Greggs

Lot 30
Auction 15th May 2025
Rent £31,000 per Annum Exclusive
Status Available
Guide* £300,000+
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6 miles east of Wolverhampton, 9 miles north-west of Birmingham
Roads: A34, A454, A461, A4148, M5, M6 (Junction 10)
Rail: Walsall Railway Station (direct to Birmingham New Street approximately 22 mins)
Air: Birmingham International Airport

Situation

The property is situated on the south side of Park Street, the prime pedestrianised retailing street in Walsall Town Centre, close to the Saddlers Shopping Centre and a 480 space multi-storey car park. Nearby occupiers include H. Samuel, Pandora, Holland & Barrett, McDonalds, Costa and Greggs.

Tenure

Freehold.

Location

Miles: 6 miles east of Wolverhampton, 9 miles north-west of Birmingham
Roads: A34, A454, A461, A4148, M5, M6 (Junction 10)
Rail: Walsall Railway Station (direct to Birmingham New Street approximately 22 mins)
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground, first and second floors.

VAT

VAT is applicable to this lot.

EPC

D87.

Description

The property comprises a shop arranged on the ground, first and second floors.

VAT

VAT is applicable to this lot.

EPC

D87.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (3)	Floor Areas Approx sq ft (3)	Tenant	Term	Rent p.a.x.
Ground First Second	Retail Ancillary Ancillary	228.73 61.90 56.60	(2,462) (666) (609)	SPECSAVERS OPTICAL SUPERSTORES LIMITED (1)	5 years from 03/09/2024 (2)	£31,000
Total		347.23	(3,737)			£31,000

(1) For the year ending 29/02/2024 Specsavers Optical Superstores Limited reported a turnover of £2,741,687,000, a pre-tax profit of £323,660,000 and a net worth of £239,593,000 (NorthRow).
(2) The lease provides for a tenant option to determine on 03/09/2027.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.